Norsemont Mining Inc. - NRRSF

NRRSF Returns vs S&P 500 ⓘ

ticker	1 day return %	1 week return %	1 month return %	3 months return %	6 months return %	1 year return %	3 years return %	5 years return %	10 years return %	maximum return %
NRRSF	0	-1.2	-7.6	164	22.2	147.5	-70.2	-1	-23.5	-23.5
S&P 500	-1.3	-2.3	0.5	5.7	10.7	30.1	25.2	88.0	187.6	33142.5

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Returns Charts ⓘ

Interactive Price Chart

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Real-time Full Quote

Attribute	Value
symbol	NRRSF
name	Norsemont Mining Inc.
price	0.20
changes percentage	0
change	0
day low	0.20
day high	0.20
year high	0.23
year low	0.04
market cap	11786287
price avg 50	0.16
price avg 200	0.11
exchange	PNK
volume	4000
avg volume	14703
open	0.20
previous close	None
eps	-0.02
pe	-9.90
earnings announcement	None
shares outstanding	59526700
timestamp	2024-11-15 20:00:00

Financial Statements ⓘ

We derive the score of a company's financial statements by evaluating the weighted average sentiment across key within the statements. The cumulative score, normalized to a sum of 1, serves as a metric for assessing the company's performance during the specified period. A higher score indicates stronger performance. However, it's crucial to note that while this score provides valuable insights, it is just one of many factors to consider when making informed investment decisions. A holistic evaluation, considering various aspects of the company's financial health and market conditions, is essential for a well-rounded investment strategy.

Overall Annual Financial Health: 47.3%

Overall Quarterly Financial Health: 16.7%

Income Statements ⓘ

• Annual Income Statement

Note: The years below are fiscal years in accounting.

	2023	2022	Y/Y change %
0000000000
revenue	0	0	NaN
gross profit	-37200	-37200	0.00
gross profit ratio	0	0	NaN
research and development expenses	0	0	NaN
operating expenses	2068459	5226216	-60.42
interest income	648	2892	-77.59
interest expense	182153	134329	35.60
ebitda	-2068459	-5223324	60.40
ebitdaratio	0	0	NaN
operating income	-2068459	-5260524	60.68
operating income ratio	0	0	NaN
net income	-2392854	-5440935	56.02
net income ratio	0	0	NaN
eps	-0.04	-0.1	57.91

Overall Score of Annual Income Statement

0.4 out of 1

Detailed Analysis

• 📈 Positive Indicators

  Operating Expenses: Operating Expenses decreased to 2 million in 2023 from 5 million in 2022 representing a change of -60.42%. The decrease in operating expenses can be attributed to various factors such as improved profitability, cost optimization and financial stability, lower operating expenses can be positive indicators.

  Earnings per Share (EPS): EPS increased to -0.04 in 2023 from -0.04 in 2022 representing a change of 57.91%. This indicates that the company's earnings are increasing and it is becoming more profitable on a per-share basis.

• 📉 Negative Indicators

  EBITDA: EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) decreased to -2 million in 2023 from -5 million in 2022 representing a change of 60.4%. The decrease in EBITDA indicates declined operational efficiency and profitability.

  Operating Income: Operating income decreased to -2 million in 2023 from -5 million in 2022 representing a change of 60.68%. The decrease in operating income indicates worse operational performance and decreased profitability.

  Net Income: Net income decreased to -2 million in 2023 from -5 million in 2022 representing a change of 56.02%. The decrease in net income shows worsen profitability and indicates that the company is generating less profit for each dollar of revenue.

• Quarterly Income Statement

Note: The years below are fiscal years in accounting.

	2024Q2	2024Q1	Q/Q change %
0000000000
revenue	0	0	NaN
gross profit	0	0	NaN
gross profit ratio	0	0	NaN
research and development expenses	0	0	NaN
operating expenses	329720	282380	16.76
interest income	297	1153	-74.24
interest expense	31367	30841	1.71
ebitda	-338079	0	NaN
ebitdaratio	0	0	NaN
operating income	-329720	-282380	-16.76
operating income ratio	0	0	NaN
net income	-369446	-312068	-18.39
net income ratio	0	0	NaN
eps	-0.01	-0.01	-19.23

Overall Score of Quarterly Income Statement

0.5 out of 1

Detailed Analysis

• 📉 Negative Indicators

  Operating Expenses: Operating Expenses increased to 0 million in 2024Q2 from 0 million in 2024Q1 representing a change of 16.76%. The increase in operating expenses can be attributed to various factors such as marketing, administrative costs, and investments in infrastructure. It's important to monitor if these expenses are growing at a sustainable rate compared to revenue.

  EBITDA: EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) decreased to 0 million in 2024Q2 from 0 million in 2024Q1 representing a change of nan%. The decrease in EBITDA indicates declined operational efficiency and profitability.

• 📈 Positive Indicators

  Operating Income: Operating income increased to 0 million in 2024Q2 from 0 million in 2024Q1 representing a change of -16.76%. The increase in operating income indicates better operational performance and increased profitability.

  Net Income: Net income increased to 0 million in 2024Q2 from 0 million in 2024Q1 representing a change of -18.39%. The increase in net income shows improved profitability and indicates that the company is generating more profit for each dollar of revenue.

Balance Sheets ⓘ

• Annual Balance Sheet

Note: The years below are fiscal years in accounting.

	2023	2022	Y/Y change %
0000000000
total assets	27519975	27629332	-0.40
total liabilities	4527961	3311894	36.72
total equity	22992014	24317438	-5.45
cash and cash equivalents	5112	24507	-79.14
short term investments	0	0	NaN
long term investments	28750	28750	0.00
total current assets	14172	72429	-80.43
total non current assets	27505803	27556903	-0.19
total current liabilities	4527961	3299794	37.22
total non current liabilities	0	12100	-100.00
common stock	46775307	45814182	2.10
retained earnings	-25516662	-23183618	-10.06
total debt	1278522	1307554	-2.22

Overall Score of Annual Balance Sheet

0.22 out of 1

Detailed Analysis

• 📉 Negative Indicators

  Total Assets: Total Assets decreased to 28 million in 2023 from 28 million in 2022 representing a change of -0.4%. Suggesting a decrease in asset holdings.

  Total Liabilities: Total Liabilities increased to 5 million in 2023 from 3 million in 2022 representing a change of 36.72%. This indicates an increase in overall liabilities.

  Total Equity: Total Equity decreased to 23 million in 2023 from 24 million in 2022 representing a change of -5.45%. This indicates a decrease in shareholders' equity.

  Cash And Cash Equivalents: Cash And Cash Equivalents decreased to 0 million in 2023 from 0 million in 2022 representing a change of -79.14%. This indicates a decrease in available liquid assets.

  Total Current Assets: Total Current Assets decreased to 0 million in 2023 from 0 million in 2022 representing a change of -80.43%. This indicates a worsen liquidity position.

  Total Current Liabilities: Total Current Liabilities increased to 5 million in 2023 from 3 million in 2022 representing a change of 37.22%. This indicates a higher short-term debt burden.

  Retained Earnings: Retained Earnings decreased to -26 million in 2023 from -23 million in 2022 representing a change of -10.06%. This indicates an accumulated losses.

• 📈 Positive Indicators

  Common Stock: Common Stock increased to 47 in 2023 from 46 in 2022 representing a change of 2.1%. This indicates an increase in ownership interest.

  Total Debt: Total Debt decreased to 1 million in 2023 from 1 million in 2022 representing a change of -2.22%. This indicates a reduction in overall debt burden.

• Quarterly Balance Sheet

Note: The years below are fiscal years in accounting.

	2024Q2	2024Q1	Q/Q change %
0000000000
total assets	27487673	27516781	-0.11
total liabilities	5039430	4632983	8.77
total equity	22448243	22883798	-1.90
cash and cash equivalents	2551	2957	-13.73
short term investments	0	0	NaN
long term investments	0	28750	-100.00
total current assets	10620	10978	-3.26
total non current assets	27477053	27505803	-0.10
total current liabilities	5039430	4632983	8.77
total non current liabilities	0	0	NaN
common stock	46775307	46775307	0.00
retained earnings	-26198176	-25828730	-1.43
total debt	1303522	1278522	1.96

Overall Score of Quarterly Balance Sheet

0.0 out of 1

Detailed Analysis

• 📉 Negative Indicators

  Total Assets: Total Assets decreased to 27 million in 2024Q2 from 28 million in 2024Q1 representing a change of -0.11%. Suggesting a decrease in asset holdings.

  Total Liabilities: Total Liabilities increased to 5 million in 2024Q2 from 5 million in 2024Q1 representing a change of 8.77%. This indicates an increase in overall liabilities.

  Total Equity: Total Equity decreased to 22 million in 2024Q2 from 23 million in 2024Q1 representing a change of -1.9%. This indicates a decrease in shareholders' equity.

  Cash And Cash Equivalents: Cash And Cash Equivalents decreased to 0 million in 2024Q2 from 0 million in 2024Q1 representing a change of -13.73%. This indicates a decrease in available liquid assets.

  Total Current Assets: Total Current Assets decreased to 0 million in 2024Q2 from 0 million in 2024Q1 representing a change of -3.26%. This indicates a worsen liquidity position.

  Total Current Liabilities: Total Current Liabilities increased to 5 million in 2024Q2 from 5 million in 2024Q1 representing a change of 8.77%. This indicates a higher short-term debt burden.

  Retained Earnings: Retained Earnings decreased to -26 million in 2024Q2 from -26 million in 2024Q1 representing a change of -1.43%. This indicates an accumulated losses.

  Total Debt: Total Debt increased to 1 million in 2024Q2 from 1 million in 2024Q1 representing a change of 1.96%. This indicates an increase in overall debt burden.

Cashflow Statements ⓘ

• Annual Cashflow Statement

Note: The years below are fiscal years in accounting.

	2023	2022	Y/Y change %
0000000000
net change in cash	-19395	-2577542	99.25
operating cash flow	-722285	-4224856	82.90
free cash flow	-722285	-4224856	82.90
capital expenditure	0	0	NaN
depreciation and amortization	37200	37200	0.00
deferred income tax	0	46082	-100.00
stock based compensation	270577	1021648	-73.52
accounts payables	0	0	NaN
inventory	0	0	NaN
acquisitions net	0	0	NaN
investments in property plant and equipment	0	0	NaN
net cash used for investing activites	0	0	NaN
debt repayment	86235	1240285	-93.05
common stock issued	618000	335800	84.04
common stock repurchased	0	0	NaN
dividends paid	0	0	NaN
net cash used provided by financing activities	704235	1659685	-57.57
cash at end of period	5112	24507	-79.14
accounts receivables	2815	-2380	218.28
cash at beginning of period	24507	2602049	-99.06

Overall Score of Annual Cashflow Statement

0.8 out of 1

Detailed Analysis

• 📈 Positive Indicators

  Net Change in Cash: Net Change in Cash increased to 0 million in 2023 from -3 million in 2022 representing a change of 99.25%. Indicating an increased ability to generate cash from the company's operations or its cash flow position.

  Operating Cash Flow: Operating Cash Flow increased to -1 million in 2023 from -4 million in 2022 representing a change of 82.9%. This indicates that the company generated more cash from its core business operations.

  Free Cash Flow: Free Cash Flow increased to -1 million in 2023 from -4 million in 2022 representing a change of 82.9%. This indicates an increase in cash generated after accounting for capital expenditures.

  Stock-Based Compensation: Stock-Based Compensation decreased to 0 million in 2023 from 1 million in 2022 representing a change of -73.52%. This indicates decreased expenses, which is generally considered a positive sign from a financial perspective.

• 📉 Negative Indicators

  Accounts Receivables: Accounts Receivables increased to 0 in 2023 from 0 million in 2022 representing a change of 218.28%. This suggests that the company is less capable of collecting payments from its customers.

• Quarterly Cashflow Statement

Note: The years below are fiscal years in accounting.

	2024Q2	2024Q1	Q/Q change %
0000000000
operating cash flow	-25406	-2155.0	-1,078.93
free cash flow	-25406	-2155.0	-1,078.93
capital expenditure	0	0	NaN
depreciation and amortization	0	0	NaN
deferred income tax	0	0	NaN
stock based compensation	8599	13124	-34.48
accounts receivables	-48	1039	-104.62
accounts payables	0	0	NaN
inventory	0	0	NaN
acquisitions net	0	0	NaN
investments in property plant and equipment	0	0	NaN
net cash used for investing activites	0	0	NaN
debt repayment	25000	0	NaN
common stock issued	0	0	NaN
common stock repurchased	0	0	NaN
dividends paid	0	0	NaN
net cash used provided by financing activities	25000	0	NaN
net change in cash	-406	-2155	81.16
cash at end of period	2551	2957	-13.73
cash at beginning of period	2957	5112	-42.16

Overall Score of Quarterly Cashflow Statement

None

Detailed Analysis

Earnings Transcripts ⓘ

No earnings transcripts available.

Earnings Per Share (EPS) ⓘ

Analyst Stock Recommendations ⓘ

Discover detailed analyst recommendations for stocks, including categories such as Buy, Hold, Sell, Strong Buy, and Strong Sell. These insights are based on thorough analysis of financial and market factors. The consensus is calculated by assigning a numerical score to each recommendation. These scores are then weighted and averaged over a specified period to provide a comprehensive view of the stock's outlook, with the final score determining the overall consensus.

Financial Ratios ⓘ

• Annual Financial Ratios

	2023-12-31	2022-12-31	Y/Y change %
FY
calendar year	2023	2022	NaN
revenue per share	0	0	NaN
net income per share	-0.04	-0.1	57.95
operating cash flow per share	-0.01	-0.08	83.65
free cash flow per share	-0.01	-0.08	83.65
cash per share	0.0	0.0	-80.06
book value per share	0.4	0.44	-9.60
tangible book value per share	0.4	0.44	-9.60
shareholders equity per share	0.4	0.44	-9.60
interest debt per share	0.03	0.03	1.05
market cap	7964530.61	19286027.49	-58.70
enterprise value	9237940.61	20569074.49	-55.09
pe ratio	-3.33	-3.54	6.10
price to sales ratio	0	0	NaN
pocfratio	-11.03	-4.56	-141.56
pfcf ratio	-11.03	-4.56	-141.56
pb ratio	0.35	0.79	-56.32
ptb ratio	0.35	0.79	-56.32
ev to sales	0	0	NaN
enterprise value over ebitda	-4.47	-3.94	-13.41
ev to operating cash flow	-12.79	-4.87	-162.70
ev to free cash flow	-12.79	-4.87	-162.70
earnings yield	-0.3	-0.28	-6.49
free cash flow yield	-0.09	-0.22	58.60
debt to equity	0.06	0.05	8.38
debt to assets	0.05	0.05	2.88
net debt to ebitda	-0.62	-0.25	-150.63
current ratio	0.0	0.02	-85.74
interest coverage	-11.36	-39.16	71.00
income quality	0.3	0.78	-61.13
dividend yield	0	0	NaN
payout ratio	0	0	NaN
sales general and administrative to revenue	0	0	NaN
research and ddevelopement to revenue	0	0	NaN
intangibles to total assets	0	0	NaN
capex to operating cash flow	0	0	NaN
capex to revenue	0	0	NaN
capex to depreciation	0	0	NaN
stock based compensation to revenue	0	0	NaN
graham number	0.61	1.0	-38.35
roic	-0.09	-0.21	59.58
return on tangible assets	-0.09	-0.2	55.85
graham net net	-0.08	-0.06	-31.54
working capital	-4513789	-3227365	-39.86
tangible asset value	22992014	24317438	-5.45
net current asset value	-4513789	-3239465	-39.34
invested capital	22963264	24300788	-5.50
average receivables	0	42704	-100.00
average payables	1807267.5	1414598	27.76
average inventory	0	0	NaN
days sales outstanding	0	0	NaN
days payables outstanding	20760.21	14704.99	41.18
days of inventory on hand	0	0	NaN
receivables turnover	0	0	NaN
payables turnover	0.02	0.02	-29.17
inventory turnover	0	0	NaN
roe	-0.1	-0.22	53.49
capex per share	0	0	NaN

• Negative

  ROE: Return on Equity (ROE) increased to -0.10 on 2023-12-31 from -0.22 on 2022-12-31, representing a change of 53.49%. However, ROE is <= 5%, suggesting that the company has not been generating high returns for its shareholders.

  Current Ratio: Current Ratio decreased to 0.00 on 2023-12-31 from 0.02 on 2022-12-31, representing a change of -85.74%. The current ratio has been declining, suggesting a decrease in the company's short-term liquidity. Also, it's below 1, indicating potential liquidity issues.

• Positive

  PE Ratio: Price-to-Earnings (P/E) Ratio increased to -3.33 on 2023-12-31 from -3.54 on 2022-12-31, representing a change of 6.10%. Indicating an increase in the relative valuation of the company's stock.

• Neutral

  Debt-to-Equity Ratio: Debt-to-Equity Ratio increased to 0.06 on 2023-12-31 from 0.05 on 2022-12-31, representing a change of 8.38%. The debt-to-equity ratio has been increasing, indicating that the company has been relying more on debt financing. Higher leverage may increase financial risk. However, a ratio of 1 or below is often considered healthy and indicates that the company's total debt is equal to or less than its total equity.

• Quarterly Financial Ratios

	2024-06-30 Q2	2024-03-31 Q1	Q/Q change %
NRRSF
calendar year	2024	2024	NaN
revenue per share	0	0	NaN
net income per share	-0.01	-0.01	-18.39
operating cash flow per share	-0.0	-0.0	-1,078.93
free cash flow per share	-0.0	-0.0	-1,078.93
cash per share	0.0	0.0	-13.73
book value per share	0.38	0.38	-1.90
tangible book value per share	0.38	0.38	-1.90
shareholders equity per share	0.38	0.38	-1.90
interest debt per share	0.02	0.02	1.95
market cap	13054169.4	5173850.12	152.31
enterprise value	14355140.4	6449415.12	122.58
pe ratio	-8.83	-4.14	-113.12
price to sales ratio	0	0	NaN
pocfratio	-513.82	-2400.86	78.60
pfcf ratio	-513.82	-2400.86	78.60
pb ratio	0.58	0.23	157.21
ptb ratio	0.58	0.23	157.21
ev to sales	0	0	NaN
enterprise value over ebitda	-42.46	0	NaN
ev to operating cash flow	-565.03	-2992.77	81.12
ev to free cash flow	-565.03	-2992.77	81.12
earnings yield	-0.03	-0.06	53.08
free cash flow yield	-0.0	-0.0	-367.25
debt to equity	0.06	0.06	3.93
debt to assets	0.05	0.05	2.06
net debt to ebitda	-3.85	0	NaN
current ratio	0.0	0.0	-11.06
interest coverage	-10.51	-9.16	-14.81
income quality	0.07	0.01	895.83
dividend yield	0	0	NaN
payout ratio	0	0	NaN
sales general and administrative to revenue	0	0	NaN
research and ddevelopement to revenue	0	0	NaN
intangibles to total assets	0	0	NaN
capex to operating cash flow	0	0	NaN
capex to revenue	0	0	NaN
capex to depreciation	0	0	NaN
stock based compensation to revenue	0	0	NaN
graham number	0.23	0.21	7.77
roic	-0.01	-0.01	-37.91
return on tangible assets	-0.01	-0.01	-18.51
graham net net	-0.08	-0.08	-8.79
working capital	-5028810	-4622005	-8.80
tangible asset value	22448243	22883798	-1.90
net current asset value	-5028810	-4622005	-8.80
invested capital	22448243	22855048	-1.78
average receivables	0	0	NaN
average payables	2416827.5	2201311.5	9.79
average inventory	0	0	NaN
days sales outstanding	0	0	NaN
days payables outstanding	0	0	NaN
days of inventory on hand	0	0	NaN
receivables turnover	0	0	NaN
payables turnover	0	0	NaN
inventory turnover	0	0	NaN
roe	-0.02	-0.01	-20.68
capex per share	0	0	NaN

• Negative

  ROE: Return on Equity (ROE) decreased to -0.02 on 2024-06-30 Q2 from -0.01 on 2024-03-31 Q1, representing a change of -20.68%. Suggesting that the company has not been generating high returns for its shareholders.

  PE Ratio: Price-to-Earnings (P/E) Ratio decreased to -8.83 on 2024-06-30 Q2 from -4.14 on 2024-03-31 Q1, representing a change of -113.12%. Indicating a decrease in the relative valuation of the company's stock.

  Current Ratio: Current Ratio decreased to 0.00 on 2024-06-30 Q2 from 0.00 on 2024-03-31 Q1, representing a change of -11.06%. The current ratio has been declining, suggesting a decrease in the company's short-term liquidity. Also, it's below 1, indicating potential liquidity issues.

• Positive

  Debt-to-Equity Ratio: Debt-to-Equity Ratio decreased to 0.06 on 2024-06-30 Q2 from 0.06 on 2024-03-31 Q1, representing a change of 3.93%. The debt-to-equity ratio has been decreasing, indicating that the company has been relying less on debt financing. A ratio of 1 or below is often considered healthy and indicates that the company's total debt is equal to or less than its total equity.

Growth Rates ⓘ

• Annual Growth

• Quarterly Growth

Intrinsic Value (Discounted Cash Flow) ⓘ

Negative Sentiment: Discounted Cash Flow value is -0.02 which is lower than current price 0.2, indicates the company may be overvalued.